False breakout? let's see how today ends . If we close back inside broadening wedge here then we are still headed back to 21ema or 458.
Retail sales and Bidens chat with XI could either negate this pattern or pour gasoline on it. I added a fibonacci retracement for some target levels for my day trading followers. Next short entry is below 466.35.. that 468.62 acted as resistance this morning and I would go long below that .
I'm still short here . Good luck , and lose your opinion not your money.
And again this pattern Is called a "Descending broadening wedge". It's short term bearish long term bullish. which means a short trip to 458 and then a trip to ATH or 474-476.
Retail sales and Bidens chat with XI could either negate this pattern or pour gasoline on it. I added a fibonacci retracement for some target levels for my day trading followers. Next short entry is below 466.35.. that 468.62 acted as resistance this morning and I would go long below that .
I'm still short here . Good luck , and lose your opinion not your money.
And again this pattern Is called a "Descending broadening wedge". It's short term bearish long term bullish. which means a short trip to 458 and then a trip to ATH or 474-476.
Comment:
Possible H&S forming now on 1 hr.. Same with Dow jones.. That gap up was the head, This sideways consolidation is all day is the right shoulder
